# Varroc Engineering share price today (Varroc Engineering Ltd, NSE: VARROC)

> Varroc Engineering share price today: ₹789.40 at the NSE close on 3 November 2026, up 29.1% in a year. Varroc Engineering (NSE: VARROC) is worth ₹12,064 crore, trades at a P/E of 42.3 and has closed between ₹480.75 and ₹872.00 over the past 52 weeks. > Varroc Engineering Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. VARROC · Auto Ancillaries - Diversified · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/varroc-engineering-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹789.40 (+29.1% in a year)
- P/E: 42.3× (higher than 69% of the last 8.3 years)
- Revenue (Jun 2026): ₹2,634 Cr (+29.9% on a year ago)
- Profit (Jun 2026): ₹78.0 Cr (−27.1% on a year ago)
- Operating margin: 8.0% (−2.0 points on a year ago)
- ROCE: 19%, FY26
- ROIC: 13.7%, against a 12.0% cost of capital: +1.7 points

The main question: yearly earnings per share moved +267.3% while the share price moved +29.1%. ## What is the Varroc Engineering share price today? Varroc Engineering Ltd's share price was ₹789.40 at the close on 3 November 2026. It has been rising for 19 weeks. That is 14.0% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹481 and ₹872, and at that close it sat 79% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 34 weeks in a row. Over the last 8.3 years the share price moved −24% while the NIFTY 500 moved +134%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Varroc Engineering this quarter? Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), profit fell in the June 2026 quarter and lowest operating margin in 14 quarters. 1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare) In the June 2026 quarter revenue was ₹2,634 crore, +29.9% on a year earlier. Why: Revenue rose because EV linked sales rose and new business wins were mostly e mobility. Next results: check whether launch cadence supports the stated doubling expectation for overseas electronics and lighting revenue. From the earnings call on 6 Aug 2026. 2. Profit fell in the June 2026 quarter Profit was ₹78 crore, -27.1% on a year earlier (₹107 crore), after 4 quarters of growth. Why: Profit fell because low margin tooling sales, war related inflation and business mix squeezed the operating margin. Next results: check whether customer recoveries for war related costs come through, since full recovery may take one to two quarters. From the earnings call on 6 Aug 2026. 3. Lowest operating margin in 14 quarters Operating margin was 8% in the June 2026 quarter, against 10% a year earlier. Why: The operating margin fell because low margin tooling sales, war related inflation and business mix hurt profitability. Next results: check whether war related cost recoveries lift the margin, since full recovery may take one to two quarters. From the earnings call on 6 Aug 2026. ## What are Varroc Engineering's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Varroc Engineering reported revenue of ₹2,634 crore, up 29.9% from ₹2,028 crore a year earlier, and a profit of ₹78.0 crore, down 27.1% from ₹107 crore. ### Varroc Engineering results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹2,634 crore | ₹2,028 crore | +29.9% |
| Profit | ₹78.0 crore | ₹107 crore | −27.1% |
| Earnings per share | ₹5.06 | ₹6.88 | −26.5% |
| Operating margin | 8.0% | 10.0% | −2.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Varroc Engineering's management discussed these results on a call held on 6 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Varroc Engineering share price history? Varroc Engineering closed at ₹789.40 on 3 November 2026, up 29.1% from ₹611.60 a year earlier (31 October 2025) and up 167.6% over five years. Its highest weekly close since July 2018 was ₹1,151.15 on 31 August 2018. ### Varroc Engineering share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹764.25 | +3.3% |
| 1 month ago · 1 Oct 2026 | ₹830.60 | −5.0% |
| 6 months ago · 30 Apr 2026 | ₹533.80 | +47.9% |
| 1 year ago · 31 Oct 2025 | ₹611.60 | +29.1% |
| 3 years ago · 3 Nov 2023 | ₹466.80 | +69.1% |
| 5 years ago · 4 Nov 2021 | ₹295.00 | +167.6% |
| Earliest weekly close in our records · 6 Jul 2018 | ₹1,037.35 | −23.9% |
| Highest weekly close since July 2018 · 31 Aug 2018 | ₹1,151.15 | −31.4% |
| Lowest weekly close since July 2018 · 3 Apr 2020 | ₹124.80 | +532.5% |
| 52-week high (weekly close) · 11 Sep 2026 | ₹872.00 | −9.5% |
| 52-week low (weekly close) · 13 Mar 2026 | ₹480.75 | +64.2% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (442 weekly closes from 6 July 2018 to 3 November 2026.)

## What is the latest news on Varroc Engineering? 3 Nov 2026: Varroc Engineering closed at ₹789.40, up 3.3% on the week and down 5.0% on the month. 7 Aug 2026: ex-date for a dividend of ₹1.50 a share. ### Earlier

- 6 Aug 2026: Varroc Engineering held its results call for April to June 2026. Management guided: FY27 revenue growth of 20-25% described as ambition, not formal guidance. - Results for April to June 2026: Revenue up 29.9% and profit down 27.1% on a year earlier. ## What dividend does Varroc Engineering pay? Varroc Engineering paid ₹1.50 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.19% at the ₹789.40 close on 3 November 2026. The last was a dividend of ₹1.50 a share, ex-date 7 August 2026. ### Varroc Engineering dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 7 Aug 2026 | ₹1.50 | Dividend |
| 8 Aug 2025 | ₹1 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 1 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Varroc Engineering Ltd paid out 10% of its profit as dividends in FY26, and it paid a dividend in 7 of its last 11 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Varroc Engineering management say on the latest results call? On the call for April to June 2026, held on 6 August 2026, Varroc Engineering's management guided: FY27 revenue growth of 20-25% described as ambition, not formal guidance. > “We do not give that kind of guidance, but we have a medium-term target of reaching 10% PBT soon. That target remains valid. You can extrapolate based on the current performance.”
> Mahendra Kumar, on the call for April to June 2026

### What management guided

- FY27 capital spending ₹500-550 crore, primarily e-mobility and capacity expansion across India and overseas. - Overseas electronics and lighting revenue expected to double on a year earlier; Romania operating profit breakeven planned by January to March 2027. - One announced traction-motor win expected to become imminent in July to September 2026; two further customer SOPs expected this financial year. - Medium-term profit before tax goal of 10% in roughly 3-4 years. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/5925/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 6 August 2026.)

## What to watch in Varroc Engineering's next results? When Varroc Engineering reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Overseas electronics and lighting revenue trajectory - check whether launch cadence supports the stated doubling expectation. - What to check (from the call)
- Overseas electronics and lighting revenue trajectory - check whether launch cadence supports the stated doubling expectation. - Romania electronics ramp and profitability - check progress toward the stated operating profit breakeven milestone. - Traction-motor conversion - check the announced near-term launch and subsequent customer SOP progress. - War-related cost recovery and working capital - check invoicing, collections and inventory normalization. ## Which stock lists is Varroc Engineering on? Varroc Engineering is on one of our India lists: Momentum stocks. [Momentum stocks Market cap cr: 12092.533281127644](https://www.sectoralpha.in/momentum-stocks-india)

## Is Varroc Engineering profitable? Varroc Engineering Ltd earned ₹78.0 Cr of net profit in the Jun 2026 quarter, −27.1% on the same quarter a year earlier. Full-year FY26 profit was ₹230 Cr. Over 10 years profit has grown −4.6% a year on average. That is 3.0% of the quarter's revenue. The same quarter a year earlier earned ₹107 Cr. 2 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹230 Cr (+228.6% on the year before). Why profit moved: revenue changed +29.9% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +61.9% and revenue +14.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Varroc Engineering make, and is it growing? Varroc Engineering Ltd reported ₹2,634 Cr of revenue in the Jun 2026 quarter, +29.9% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 1.2% a year on average. The last full year, FY26, came in at ₹8,890 Cr. The last four reported quarters add to ₹9,497 Cr. FY26 revenue was ₹8,890 Cr, +9.0% on the year before. Recent pace: the last four quarters grew +14.8% on average, against 1.2% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +14.7%, against +11.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +39.9%, against −38.7% a year (accelerating). ## How much of every ₹100 of sales does Varroc Engineering keep? Varroc Engineering Ltd's operating margin was 8.0% in the Jun 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 12 years it has been between 6.0% and 10.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −1.2 percentage points on the year while gross margin changed −2.5 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Varroc Engineering's profit turning into cash? Over the last 3 years, 230% of Varroc Engineering Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹537 Cr of operating cash against ₹230 Cr of profit. After ₹596 Cr of spending on assets, free cash was −₹59.0 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 230% of profit came in as cash: the cash cycle got 87 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Varroc Engineering's cash go? Varroc Engineering Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −8 days in FY26, up from −95 days in FY21. It spent ₹1,189 Cr on assets over the last 3 years. Customers take 30 days to pay, and stock sits for 60 days on average. At FY26 sales of ₹8,890 Cr, each day of that cycle ties up about ₹24.4 Cr, so roughly −₹195 Cr is tied up in the business at any time. FY26: customers took 30 days to pay and stock sat for 60 days, about 2.0 months of sales sitting as stock, for a full cycle of −8 days, longer than FY21's −95. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 60 days. Customers pay about 30 days after that. Suppliers are paid at 97 days. Together that makes the −8-day cycle. Spending on assets: ₹1,189 Cr over the last 3 years, against ₹992 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹151 Cr (FY26): assets paid for that are not earning yet. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Varroc Engineering's P/E ratio, and how does it compare with its own history? Varroc Engineering Ltd's P/E is 42.3×, in the middle of its own history: higher than 69% of past readings. Its usual P/E (the middle reading) is 29.4×, over 8.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹12.92. Why the multiple is where it is: over the past year earnings per share moved +267.3% while the price moved +29.1%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved +19.1% a year; about +45.5% a year came from earnings growth and about −26.4 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Varroc Engineering business getting better or worse? Varroc Engineering Ltd's business is turning around. Profit growth has swung from −79.6% at its low to +39.9%, rising from a low 5 quarters ago, with ROCE steady at 20.2%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does Varroc Engineering earn on its capital? Varroc Engineering Ltd earned a ROCE of 19% in FY26. That is up from a low of 2% in FY22. Its return on capital used (ROIC) is 1.7 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 2.6% net margin and 1.83× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 2.6% net margin × 1.83× asset turnover × 2.73× leverage (assets divided by equity) ≈ 13.0% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 13.7% − 12.0% = +1.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does Varroc Engineering have too much debt? Varroc Engineering Ltd has total debt of ₹925 Cr against shareholder equity of ₹1,818 Cr as of Jun 2026, so its debt is 0.51× its equity. Year by year, that ratio went from 0.81 in FY22 to 0.51 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Varroc Engineering shareholding pattern? Domestic institutions cut their stake in Varroc Engineering Ltd by 1.8 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 10.8% of the company. Foreign institutions moved +0.7 points over the same period, to 4.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −1.8 points over 8 quarters, to 10.8%; Foreign institutions: +0.7 points over 8 quarters, to 4.5%; Promoters: +0.0 points over 8 quarters, to 75.0%. Why the owners changed: domestic institutions drove it (−1.8 points), with the other side taken by foreign institutions (+0.7 points). They reduced their stake. ## How far is Varroc Engineering from balance-sheet trouble? For Varroc Engineering Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Varroc Engineering rank in its industry? 52.6 out of 100, rank 11 of 21 in Auto Ancillaries - Diversified, with 81% of the evidence available. Varroc Engineering Ltd scores 52.6 out of 100 against the 21 companies it is compared with in Auto Ancillaries - Diversified, ranking 11. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 17 + 10.9 + 12.8 + 11.9 = 52.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Varroc Engineering compared with? Varroc Engineering ranks 11 of 21 Auto Ancillaries - Diversified companies on the 4-Factor Sector Score, with 52.6 out of 100. 1. [Lumax Auto Technologies Ltd](https://www.sectoralpha.in/stocks/lumax-auto-technologies-ltd) LUMAXTECH · breaking out · Most evidence points up · 100% evidence 76.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 32.9% · Profit 57.5% · Operating margin change 0 points · 100% evidence Capital efficiency 19.2/25 · ROCE 21.2% · Operating margin 13% · 100% evidence Valuation 11.1/20 · P/E 37.2× · PEG 0.75 · 100% evidence Relative strength 18.8/20 · Lead over its industry 14.3% · Lead over NIFTY 500 27.5% · 1 year 79.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.1 + 19.2 + 11.1 + 18.8 = 76.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [S J S Enterprises Ltd](https://www.sectoralpha.in/stocks/s-j-s-enterprises-ltd) SJS · losing its lead · Most evidence points up · 96% evidence 71.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.0/35 · Revenue 28.6% · Profit 67.5% · Operating margin change 2 points · 88% evidence Capital efficiency 22.0/25 · ROCE 28.6% · Operating margin 29% · 100% evidence Valuation 12.1/20 · P/E 35.1× · PEG 0.89 · 100% evidence Relative strength 8.7/20 · Lead over its industry 0.6% · Lead over NIFTY 500 11.7% · 1 year 28.6% · 100% evidence · 8 of 12 weeks ahead Exact sum: 29 + 22 + 12.1 + 8.7 = 71.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [OBSC Perfection Ltd](https://www.sectoralpha.in/stocks/obsc-perfection-ltd) OBSCP · leader · Most evidence points up · 75% evidence 65.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 82.9% · Profit 100% · Operating margin change -1 points · 95% evidence Capital efficiency 16.8/25 · ROCE 19.5% · Operating margin 17% · 76% evidence Valuation 9.0/20 · P/E 55.2× · PEG n/a · 15% evidence Relative strength 18.9/20 · Lead over its industry 58.5% · Lead over NIFTY 500 70.6% · 1 year 162.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21 + 16.8 + 9 + 18.9 = 65.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Sansera Engineering Ltd](https://www.sectoralpha.in/stocks/sansera-engineering-ltd) SANSERA · leader · Evidence leans up · 96% evidence 60.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.7/35 · Revenue 23.5% · Profit 52.2% · Operating margin change 2 points · 88% evidence Capital efficiency 11.6/25 · ROCE 14.5% · Operating margin 19% · 100% evidence Valuation 6.9/20 · P/E 68.9× · PEG 1.29 · 100% evidence Relative strength 18.6/20 · Lead over its industry 43.4% · Lead over NIFTY 500 56.1% · 1 year 171.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.7 + 11.6 + 6.9 + 18.6 = 60.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Carraro India Ltd](https://www.sectoralpha.in/stocks/carraro-india-ltd) CARRARO · quiet · Evidence leans up · 89% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 26.3% · Profit 47.8% · Operating margin change -2 points · 88% evidence Capital efficiency 18.4/25 · ROCE 29.3% · Operating margin 8% · 100% evidence Valuation 15.6/20 · P/E 19.5× · PEG 0.42 · 65% evidence Relative strength 3.9/20 · Lead over its industry -15.6% · Lead over NIFTY 500 -5% · 1 year -8.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.6 + 18.4 + 15.6 + 3.9 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Jay Bharat Maruti Ltd](https://www.sectoralpha.in/stocks/jay-bharat-maruti-ltd) JAYBARMARU · quiet · Evidence leans up · 96% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.1/35 · Revenue 13.3% · Profit 100% · Operating margin change -2 points · 88% evidence Capital efficiency 12.5/25 · ROCE 16.6% · Operating margin 10% · 100% evidence Valuation 19.4/20 · P/E 9× · PEG 0.39 · 100% evidence Relative strength 6.3/20 · Lead over its industry -3.1% · Lead over NIFTY 500 7% · 1 year 27.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 22.1 + 12.5 + 19.4 + 6.3 = 60.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Craftsman Automation Ltd](https://www.sectoralpha.in/stocks/craftsman-automation-ltd) CRAFTSMAN · leader · Evidence leans up · 82% evidence 59.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Revenue 35.9% · Profit 100% · Operating margin change -2 points · 95% evidence Capital efficiency 11.8/25 · ROCE 13.9% · Operating margin 13% · 76% evidence Valuation 7.1/20 · P/E 50.6× · PEG n/a · 50% evidence Relative strength 15.7/20 · Lead over its industry 12.6% · Lead over NIFTY 500 24.7% · 1 year 53.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.5 + 11.8 + 7.1 + 15.7 = 59.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Bosch Ltd](https://www.sectoralpha.in/stocks/bosch-ltd) BOSCHLTD · leader · Evidence leans up · 78% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 13.6% · Profit -11.4% · Operating margin change 1 points · 83% evidence Capital efficiency 17.7/25 · ROCE 21.5% · Operating margin 14% · 76% evidence Valuation 6.0/20 · P/E 58.9× · PEG n/a · 50% evidence Relative strength 18.0/20 · Lead over its industry 13.3% · Lead over NIFTY 500 26.1% · 1 year 26.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 15.9 + 17.7 + 6 + 18 = 57.6 · What this means: Relative strength against the index is 26.1%, and revenue and profit growth are weak. 9. [Minda Corporation Ltd](https://www.sectoralpha.in/stocks/minda-corporation-ltd) MINDACORP · quiet · Evidence leans up · 81% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 26.6% · Profit 94.9% · Operating margin change 0 points · 88% evidence Capital efficiency 9.7/25 · ROCE 12.7% · Operating margin 11% · 100% evidence Valuation 8.4/20 · P/E 37.5× · PEG 1.58 · 100% evidence Relative strength 11.0/20 · Lead over its industry n/a · Lead over NIFTY 500 9% · 1 year 12.2% · 25% evidence · 7 of 12 weeks ahead Exact sum: 27.1 + 9.7 + 8.4 + 11 = 56.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Suprajit Engineering Ltd](https://www.sectoralpha.in/stocks/suprajit-engineering-ltd) SUPRAJIT · losing its lead · Evidence leans up · 81% evidence 55.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.6/35 · Revenue 18.4% · Profit 73.2% · Operating margin change 3 points · 88% evidence Capital efficiency 12.6/25 · ROCE 15.5% · Operating margin 12% · 100% evidence Valuation 5.1/20 · P/E 34.6× · PEG 5.51 · 100% evidence Relative strength 10.9/20 · Lead over its industry n/a · Lead over NIFTY 500 8.3% · 1 year 6.1% · 25% evidence · 7 of 12 weeks ahead Exact sum: 26.6 + 12.6 + 5.1 + 10.9 = 55.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. Varroc Engineering Ltd this page VARROC · leader · Evidence leans up · 81% evidence 52.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue 14.7% · Profit 39.9% · Operating margin change -2 points · 88% evidence Capital efficiency 10.9/25 · ROCE 19% · Operating margin 8% · 100% evidence Valuation 12.8/20 · P/E 41× · PEG 0.63 · 100% evidence Relative strength 11.9/20 · Lead over its industry n/a · Lead over NIFTY 500 25% · 1 year 25.3% · 25% evidence · 12 of 12 weeks ahead Exact sum: 17 + 10.9 + 12.8 + 11.9 = 52.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 12. [Automobile Corporation Of Goa Ltd](https://www.sectoralpha.in/stocks/automobile-corporation-of-goa-ltd) ACGL · quiet · Evidence leans up · 85% evidence 51.6 out of 100 Growth Capital Valuation Relative
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20. [Mercury EV-Tech Ltd](https://www.sectoralpha.in/stocks/mercury-ev-tech-ltd) MERCURYEV · quiet · Most evidence points down · 68% evidence 31.1 out of 100 Growth Capital Valuation Relative
21. [Precision Camshafts Ltd](https://www.sectoralpha.in/stocks/precision-camshafts-ltd) PRECAM · quiet · Most evidence points down · 81% evidence 25.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Auto Ancillaries - Diversified](https://www.sectoralpha.in/sectors/auto-ancillaries-diversified), all 21 compared on one page. ## Which companies are close to Varroc Engineering in size? Varroc Engineering is the 10th largest of 21 Auto Ancillaries - Diversified companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Motherson Sumi Wiring India, Minda Corporation and Lumax Auto Technologies. Just below it: S J S Enterprises, Suprajit Engineering and Sharda Motor Industries. ### Auto Ancillaries - Diversified companies close in size

1. [Motherson Sumi Wiring India Ltd](https://www.sectoralpha.in/stocks/motherson-sumi-wiring-india-ltd) ₹23,304 crore
2. [Minda Corporation Ltd](https://www.sectoralpha.in/stocks/minda-corporation-ltd) ₹15,121 crore
3. [Lumax Auto Technologies Ltd](https://www.sectoralpha.in/stocks/lumax-auto-technologies-ltd) ₹13,786 crore
4. Varroc Engineering Ltd ₹11,706 crore
5. [S J S Enterprises Ltd](https://www.sectoralpha.in/stocks/s-j-s-enterprises-ltd) ₹6,694 crore
6. [Suprajit Engineering Ltd](https://www.sectoralpha.in/stocks/suprajit-engineering-ltd) ₹6,502 crore
7. [Sharda Motor Industries Ltd](https://www.sectoralpha.in/stocks/sharda-motor-industries-ltd) ₹4,640 crore

[All 21 Auto Ancillaries - Diversified companies, largest first](https://www.sectoralpha.in/sectors/auto-ancillaries-diversified#all-companies)

### Companies close in size in other industries

1. [Five-Star Business Finance Ltd](https://www.sectoralpha.in/stocks/five-star-business-finance-ltd) ₹11,715 crore · Finance & Investments - MSME Lending
2. [SKF India (Industrial) Ltd](https://www.sectoralpha.in/stocks/skf-india-industrialltd) ₹11,709 crore · Bearings
3. Varroc Engineering Ltd ₹11,706 crore
4. [Interise Trust](https://www.sectoralpha.in/stocks/interise-trust) ₹11,659 crore · Construction - Civil/Turnkey
5. [Prudent Corporate Advisory Services Ltd](https://www.sectoralpha.in/stocks/prudent-corporate-advisory-services-ltd) ₹11,643 crore · Finance - Capital Markets

## What else do people ask about Varroc Engineering? ### What is Varroc Engineering's share price today? Varroc Engineering Ltd's share price is ₹789.40, +29.1% over the past year. The whole company is worth ₹12,064 Cr on the market. In the last 52 weeks it traded between ₹481 to ₹872; today it is 79% of the way up from the low, 14.0% above its 200-day average (as of 3 November 2026). ### What were Varroc Engineering's latest quarterly results? Varroc Engineering Ltd reported revenue of ₹2,634 Cr and net profit of ₹78.0 Cr for the Jun 2026 quarter. Revenue rose 29.9% and profit fell 27.1% compared with a year earlier. Earnings per share were ₹5.06. The operating margin was 8.0%, 2.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Varroc Engineering's market cap? Varroc Engineering Ltd's market capitalisation is ₹12,064 Cr at a share price of ₹789.40. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Varroc Engineering performing? Varroc Engineering Ltd's share price has been rising for 19 weeks. In its latest quarter, revenue rose 29.9% and profit fell 27.1% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 34 weeks running (as of 3 November 2026). ### Will Varroc Engineering's share price go up? This page does not forecast Varroc Engineering Ltd's share price. What it shows instead: the share price is ₹789.40, and it has been rising for 19 weeks. Its P/E of 42.3× is higher than 69% of its own last 8 years (as of 3 November 2026). ### Who owns Varroc Engineering? Promoters own 75.0% of Varroc Engineering Ltd, foreign institutions 4.5%, domestic institutions 10.8% and the public 9.7% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 1.8 percentage points over 8 quarters (as of 3 November 2026). ### Does Varroc Engineering have too much debt? Varroc Engineering Ltd has a moderate amount of debt: its debt is 0.52× its equity, and its operating profit is 6 times its interest bill. FY26 borrowings were ₹925 Cr against equity of ₹1,780 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Varroc Engineering in its business cycle? Varroc Engineering Ltd's FY26 operating margin was 9.0%, against a 12-year range of 6.0% to 10.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 8.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Varroc Engineering story? The main question: yearly earnings per share moved +267.3% while the share price moved +29.1%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Varroc Engineering a stock worth studying right now? What the numbers show: Varroc Engineering Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Varroc Engineering share price forecast for 2026? What management itself guided: FY27 revenue growth of 20-25% described as ambition, not formal guidance. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india

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